The EDI 867 Product Transfer and Resale Report is a type of electronic data interchange transaction set that suppliers use to communicate detailed information about products that have been shipped or are ready to ship to their trading partners.This report helps manage the inventory and sales data between manufacturers, distributors, and retailers by providing insights into the products transferred between parties.
The EDI 867 transaction set is crucial for maintaining the integrity and efficiency of electronic document exchanges by ensuring that any issues with transactions can be quickly identified and addressed.
This electronic document complies with the ANSI X12 EDI specification.
All EDI documents are securely encrypted in transit, allowing trading partners to send sensitive data safely. The implementation and use of EDI 867 bring several benefits to businesses by streamlining supply chain communication and operations.
Enhanced Visibility
EDI 867 provides detailed insights into product movement and sales data across the supply chain. This visibility allows companies to track performance, analyze trends, and identify opportunities for improvement in their supply chain and sales strategies.
Better Inventory Management:
With detailed and accurate data about product transfers and sales, businesses can manage their inventory more effectively. This can lead to reduced inventory holding costs, minimized stockouts or overstocks, and improved availability of products for customers.
Improved Efficiency & Cost Savings
EDI allows for the rapid exchange of transaction documents, significantly reducing processing times. This efficiency not only speeds up the supply chain but also enables quicker responses to market demands and changes in inventory levels. All leading to significant cost savings in administrative tasks, materials, and labor.
The EDI 867 Product Transfer and Resale Report is an essential tool in the supply chain, enabling businesses to automate and standardize the exchange of information about product transfers and sales between trading partners. Using EDI not only enhances operational efficiency and accuracy but also supports better inventory management, strategic decision-making, and partnership relations. The integration of EDI 867 allows for the analysis of sales trends and performance, driving continuous improvement and facilitating compliance with regulatory requirements, thereby optimizing supply chain operations and contributing to business growth.
Transaction Set Header (ST)
Beginning Segment for Product Transfer and Resale Report (BPT)
Reference Identification (REF)
Date/Time Reference (DTM)
Product/Item Description (PID)
Quantity Information (QTY)
Monetary Amount Information (AMT)
Name (N1)
Line Item Detail (LIN)
Product/Service ID (PID): Terms of Sale/Deferred Terms of Sale (ITD)
Carrier Details (TD5)
Transaction Totals (TDS)
Transaction Set Trailer (SE)
EDI 867, known as Product Transfer and Resale Report, is structured around a set of standard segments and elements defined by the American National Standards Institute (ANSI) X12 format. The specifications ensure consistent and efficient exchange of information between trading partners across various industries.
EDI 867 is used by manufacturers, wholesalers, distributors, and retailers. It is particularly useful for companies that need to track the distribution and resale of products across multiple locations or partners, such as in the retail, healthcare, and automotive industries.
EDI 867 benefits businesses by providing accurate and timely data on product transfers and sales. This helps improve inventory management, enhance supply chain visibility, and support better decision-making. It also reduces manual data entry, minimizing errors and increasing efficiency.
Implementing EDI 867 involves setting up EDI software to create, send, receive, and process the document. Businesses must establish EDI partnerships with their trading partners, agree on data standards, and configure their systems to integrate with existing inventory and sales management software.
An EDI 867 document typically includes data on product transfers, sales, returns, and adjustments. This information covers the quantity of products moved, the locations involved, dates of transfer or resale, and other relevant details to help manage inventory and sales tracking.
Common challenges in using EDI 867 include ensuring data accuracy, maintaining data security, managing different EDI standards, and achieving seamless integration with existing systems. Businesses must also handle the technical complexities of EDI software and maintain strong communication with trading partners to ensure smooth data exchange.
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